Sleepy’s to Move Distribution Center
Boston, Sleepy’s LLC has signed a sublease for 142,120 sq. ft. of warehouse and distribution space with BJ’s Wholesale Club Inc., according to the Boston Business Journal.
The mattress retailer will move into 32 Forge Park in Franklin, Mass., which will become the company’s new Massachusetts distribution center. Sleepy’s will be situated in the 2.7 million-sq. –ft. Forge Park.
Richards Barry Joyce & Partners LLC represented Sleepy’s LLC in the transaction and Jones Lang LaSalle represented BJ’s Wholesale Club.
August sales up, but less than expected
August sales rose by 0.3%, less than expected and the biggest decline (0.4%) in almost a year, according to a government report. The numbers exclude automotive sales.
Retail sales excluding cars, parts and gasoline, fell 0.1%, the steepest decline since April. Core retail sales were unchanged in August after a 0.8% gain in July.
Purchases of motor vehicles and parts, which make up around one-fifth of all sales, rose 2.8%, the biggest rise since July of last year. Sales fell 2.4% at gas stations.
Clothing store sales slipped 0.1%, building materials and garden supply store sales fell 1%, and department store sales dropped 0.2%. Sales at food and beverage stores held steady.
AnnTaylor launches new high-end fashion line
NEW YORK AnnTaylor Stores Corp will roll out a high-end fashion line in 24 of its top stores next week. The line, called ‘Collection’, will be available on the company’s Web site in late September or early October, according to Maria Sceppaguercio, a spokeswoman for the company.
‘Collection’ is set to be 40% more expensive than the company’s usual merchandise, on average, and includes about 50 items, said Sceppaguercio.
AnnTaylor is also launching a line of beauty products and a new chain that will target baby boomers.